One of the biggest challenges facing all of us right now as business owners, is how do we find good employees, hire them and get them to want to be productive when there’s government stimulus money out there? To answer this question, we’re providing three ways to find, hire and retain employees starting right now!
Are you tying up your cash in inventory? Inventory-based businesses know that when you carry a lot of inventory, it soaks up a lot of your cash. Find out what you can do to speed up your inventory turnover to free up resources for your business.
Can you afford a $200,000 case of fraud in your business? We break down the simple steps you can take to make sure fraud doesn’t happen to you.
Does your business own a fleet of vehicles? Are any of them underutilized? Now may be the perfect time to sell your underutilized or used cars to turn a profit for your business.
Is it even possible to have too much cash in your business? It is! With all the Paycheck Protection Program (PPP) money being given to small businesses, some people are finding themselves in a position of too much cash. The question to ask yourself is, “How much are you earning on that cash?”
Merchant fees are fees that you pay to credit card companies to process credit cards that you accept from your customers. These fees typically range anywhere from 1.8% to 2.8%, but they can be as high as 3% to 3.5% if you have a lot of fraud, credits or returns.
Right now, there are trillions of dollars in government stimulus money going into the economy and one of the places that the government has put this money for businesses is in tax credits. There are four key tax credits that you need to be thinking about and possibly take advantage of today.
Recently released inflation data showed an increased rate of 4.2% year-over-year and 0.8% month-over-month. This is the fastest rate of inflation that we’ve seen since the early 1980s. What does that mean for you? It means that the prices of everything are going up. As a small business, if you don’t do anything and your prices stay the same, and the cost of everything else goes up, you’re going to end up making less money.
Cryptocurrencies, like Bitcoin, have been making headlines recently. One day they’re up and another day, they’re down. They’re going to continue to do that. The question is, should you accept cryptocurrency in your business and should you bill some of your customers in cryptocurrency as well?
Your accounting file holds the history of your business. Don’t lose it. TGG Founder & CEO, Matt Garrett explains two ways that you can protect your business and your accounting right now from cyber attacks.
Recently released inflation data showed an increased rate of 4.2% year-over-year and 0.8% month-over-month. This is the fastest rate of inflation that we’ve seen since the early 1980s. What does that mean for you? It means that the prices of everything are going up. As a small business, if you don’t do anything and your prices stay the same, and the cost of everything else goes up, you’re going to end up making less money.
There are two different ways that you could be eligible to file your taxes—on a cash or an accrual basis. Find out which one is right for your business!
The U.S. Small Business Administration (SBA) 504 loan program has been around for a while. However, recently it’s been making the news again because its benefits were significantly enhanced with the Consolidated Appropriations Act, 2021, that was signed into law on Dec. 27, 2020. You may be wondering, who is the program for? What should you be thinking about? What are the benefits? Let’s find out!
Our team has been busy diving into the Paycheck Protection Program (PPP), SBA 504 loan and Employee Retention Credit. Here are our answers to the most frequently asked questions and a free download on which programs you may quality for right now!
The U.S. Small Business Administration (SBA) 504 loan program has been around for a while. However, recently it’s been making the news again because its benefits were significantly enhanced with the Consolidated Appropriations Act, 2021, that was signed into law on Dec. 27, 2020. You may be wondering, who is the program for? What should you be thinking about? What are the benefits? Let’s find out!
Days sales outstanding (DSO) is a measure of the average number of days that it takes a company to collect payment after a sale has been made. By lowering your DSO, it provides options for you to keep the money and invest it, or pay off debt and lower your interest costs. How exactly do you do this? Check out our blog to find out!
The SBA recently released guidance relating to PPP Funding in the 2021 Consolidated Appropriations Act. Watch as one of TGG’s CFOs, Janine Smith simplifies the main points so you can take advantage of this new round of funding and make the best decisions for your business right now.
TGG Founder & CEO, Matt Garrett recently sat down with with Vistage to deliver 8 things that small businesses need to know about the latest Coronavirus Relief Bill. Watch now!
The IRS recently issued a ruling denying Paycheck Protection Program (PPP) tax deductions even if your loan might be forgiven in the future. TGG Founder & CEO, Matt Garrett and one of TGG’s CFOs, Bonnie Howard led a TGG Bonfire Chat webinar where they broke down what this means for your business. Here are the top 10 takeaways.
TGG has been awarded a Top Workplaces 2020 honor by The San Diego Union-Tribune!
Most business owners know that keeping up with the financial health of your business will help you succeed. What some business owners don’t always consider is that financial planning, forecasting, and modeling are essential to the growth of all businesses. In order to do all of those things effectively, you need a CFO, but it doesn’t always have to be a full-time CFO!
Millions of small businesses received funding from the Small Business Association (SBA) Paycheck Protection Program (PPP) which has generated even more questions regarding how and when loans will be forgiven. Here is the latest on guidance issued from the SBA.
Are you planning to exit in the near future? The best way to start is to get your financials in order. When a buyer evaluates the sale of your business, you must have accurate and detailed financials in order. Not only do accurate financials help your business run more effectively, but they also give the buyer a greater understanding of how well your business is functioning. Here are a few tips to help your business more attractive to potential buyers, and how an exit strategy can help you.
When you sign up with TGG, you can expect two components that will contribute to your company’s success. We begin with an assessment of where your business’s financials stand at the time that you sign on with us. At TGG, we believe in understanding our client’s business on a deeper level, so this may take some time. Simultaneously, we work on your current financials to ensure your future financials remain healthy. Here’s a detailed look into each aspect of TGG’s process.
People say as you get older you get wiser, if you were to look back from the age of 80 and tell yourself anything, what would it be? We asked our founder and CEO, Matt Garrett, what he would say to himself. This is what came of it…
Outsourcing certain aspects of your business can seem intimidating. Who should you choose? Will they perform better than an in-house team? Will outsourcing affect your internal company culture? Do you have to be a large business to actually benefit? There are a lot of myths and misconceptions about how exactly outsourcing can help your business succeed. We’re here to debunk those myths, clarify the misconceptions, and give you an overview of what outsourcing can and can’t do for an organization.
In our years of providing outsourced accounting services, we’ve heard quite a few objections that stem from misconceptions about outsourcing, here are the top five:
According to a recent poll, 50% of company leaders believe their operations will not stabilize from the COVID-19 crisis before the next planning process. The global pandemic has placed a strain on all businesses over the last few months. Not only has it affected the current state of a business’s financials, but it also affects how businesses can plan for the future. So, how can you begin to plan if you cannot predict what is going to happen next? Has your planning process vanished since COVID?
When it comes to planning a business’ exit, it all begins with keeping excellent financials. As you, as an investment banker, work to prepare companies for the sale of their business, we can help. Here’s how TGG helps Investment Bankers and M&A Advisors prepare companies for sale
Many companies do not have financials that are clear and reflect an accurate representation of their business’ performance. At TGG, we pride ourselves on accurate reporting and expansive financial knowledge. We help transform your client’s books to ensure they are set up for success as they plan for exit.
